Process for Axing a Card - FP

[FicoScore626]

What if you have a credit balance remaining when you  close the account? Will they keep that or refund it? Only asking because when I finally do close the account I plan on overpaying a little just  so all bases are covered and no surprise monthly charges appear after the account gets closed..

[ILBrian]

I would ask them to provide an exact pay off amount, they have to refund the money but if they provide the exact payoff with accured interest it should be 0

[Anonymous]

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@FicoScore626 wrote:

What if you have a credit balance remaining when you  close the account? Will they keep that or refund it? Only asking because when I finally do close the account I plan on overpaying a little just  so all bases are covered and no surprise monthly charges appear after the account gets closed..

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They will send you a check. I had a $6.00 credit when I called to close mine, and I got the check 3 weeks later. Not sure why all the drama of closing an FP card...no different than any other card.